MBAExam3LearningObjectives

MBAExam3LearningObjectives - MBA Exam 3 Learning Objectives...

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MBA Exam 3 Learning Objectives Chapter 10 Define corporate governance and explain why AND how it is used to monitor and control top managers’ strategic decisions. Explain what is meant by the separation of ownership and managerial control. What is the significance of the separation of ownership and managerial control? Define an agency relationship and managerial opportunism and describe their strategic implications. Explain product diversification and a firm’s free cash flows as potential agency problems. Define agency costs. Identify and describe 3 internal governance mechanisms. Explain how these 3 internal governance mechanisms are used to monitor and control managerial decisions. Define ownership concentration, large-block shareholders, institutional owners, board of directors, and executive compensation. Identify and describe 3 types of directors/board members. Describe how the market for corporate control acts as a governance mechanism. Identify and describe managerial defense tactics for hostile takeovers. (Table 10-2) Chapter 11 Define organizational structure and controls. What are strategic and financial controls and what are they used for? Describe the relationship between strategy and structure
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This note was uploaded on 07/31/2011 for the course MAN 6782 taught by Professor Marlin during the Spring '11 term at University of South Florida.

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MBAExam3LearningObjectives - MBA Exam 3 Learning Objectives...

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